As Donald Trump intensifies trade efforts, India is likely to finalize a trade agreement with the US, with a deadline extension granted until August 1. While India anticipates finalizing a deal, experts caution that any agreement might not shield Indian exports from future unilateral tariff increases.

India is currently eyeing an extended deadline for reciprocal tariffs as the US imposed 25 percent tax on imported goods from Japan and South Korea, kicking in from August 1.

US President Donald Trump announced that a trade deal with India is “close” to being finalised, as Washington dispatches tariff letters to 14 countries including Japan, South Korea, and Bangladesh. The new 25 per cent tariffs will take effect on August 1 unless agreements are reached,